Maryland’s six casinos generated an overall uptick in contributions to education in June as a result of an increase in gambling revenues compared to 12 months earlier.
But it was the performance of one specific casino, Live! Casino & Hotel, which mostly helped push the increase last month.
In June, the six Maryland casinos generated a total of more than $163.7 million in revenue, which was an increase of $971,931, or 0.6%, compared to June 2022. But the June total was down 3.4% from the revenue of about $169.4 million from the Maryland May casino revenue report.
The casinos’ gaming contributions to the state last month was $69.43 million, an increase of $1,072,086 (1.6%) compared to June 2022, according to figures released Thursday by Maryland Lottery and Gaming.
Majority of Contributions For Education
The majority of casino contributions go to education and in June that amounted to $50.43 million, an increase of 1.5% compared to June 2022. Casino gaming taxes also support the communities and jurisdictions where the casinos are located. Other beneficiaries are Maryland’s horse racing industry, and small, minority- and women-owned businesses.
There are no Maryland online casinos; a bill was introduced this year in the state legislature to legalize iGaming but the idea failed to gain traction.
Among the six casinos, Live! Casino & Hotel in Anne Arundel County had the biggest increase in revenues from June 2022. The facility’s June 2023 revenue of almost $58 million was a jump of nearly $1.98 million, or an increase of 3.5%, in a same-month, year-over-year comparison.
But MGM National Harbor in Prince George’s County continued to lead all Maryland casinos in revenues. Its revenue total of about $69 million in June 2023, was an increase of $632,428, or 0.9%, from June 2022.
Figures for Maryland sports betting for June have not been released; they should come out next week.
Breakdown of June Maryland Casino Revenue
Casino revenue in June at the other four facilities were as follows: Horseshoe Casino Baltimore, $15.94 million, a decrease of $1,110,637 (or 6.5%) from June 2022; Ocean Downs Casino in Worcester County, $8.68 million, an increase of $125,524 (1.5%); Hollywood Casino Perryville in Cecil County, $6.95 million, a decrease of $433,399 (5.9%); and Rocky Gap Casino in Allegany County, $5.12 million, a decline of $221,622 (4.1%) from 12 months earlier.
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